Livforsakringsbolaget Skandia Omsesidigt Sells 19,900 Shares of United Rentals, Inc. $URI

Livforsakringsbolaget Skandia Omsesidigt lessened its stake in United Rentals, Inc. (NYSE:URI) by 97.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 497 shares of the construction company’s stock after selling 19,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in United Rentals were worth $374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in URI. Fourth Dimension Wealth LLC bought a new stake in United Rentals in the first quarter valued at about $26,000. TruNorth Capital Management LLC increased its holdings in shares of United Rentals by 1,266.7% in the first quarter. TruNorth Capital Management LLC now owns 41 shares of the construction company’s stock worth $26,000 after acquiring an additional 38 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in shares of United Rentals in the first quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of United Rentals by 69.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49 shares of the construction company’s stock worth $31,000 after acquiring an additional 20 shares in the last quarter. Finally, Grove Bank & Trust bought a new stake in shares of United Rentals in the first quarter worth about $36,000. Institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

URI has been the subject of several recent analyst reports. Redburn Atlantic downgraded United Rentals from a “buy” rating to a “neutral” rating and set a $760.00 price target for the company. in a report on Friday, June 13th. The Goldman Sachs Group increased their price target on United Rentals from $770.00 to $850.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. BNP Paribas set a $900.00 price target on United Rentals in a report on Tuesday. KeyCorp increased their price target on United Rentals from $960.00 to $1,075.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Finally, Evercore ISI restated an “outperform” rating on shares of United Rentals in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $850.00.

United Rentals Stock Performance

Shares of NYSE URI opened at $958.84 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 1.34. United Rentals, Inc. has a 12 month low of $525.91 and a 12 month high of $980.53. The stock has a 50 day moving average of $892.95 and a 200-day moving average of $743.55. The company has a market capitalization of $61.69 billion, a P/E ratio of 24.80, a P/E/G ratio of 2.19 and a beta of 1.72.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, July 23rd. The construction company reported $10.47 EPS for the quarter, missing the consensus estimate of $10.54 by ($0.07). The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.90 billion. United Rentals had a return on equity of 32.01% and a net margin of 16.11%.The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.70 earnings per share. United Rentals has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that United Rentals, Inc. will post 44.8 EPS for the current year.

United Rentals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 13th. United Rentals’s dividend payout ratio (DPR) is presently 18.52%.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.